BRENT Crude Technical Snap 04.02.20

BRENT Crude Technical Snap (Daily)

Pivot: 55.65

Our preference: short positions below 55.65 with targets at 54.00 & 53.60 in extension.

Alternative scenario: above 55.65 look for further upside with 56.15 & 56.75 as targets.

Comment: as long as the resistance at 55.65 is not surpassed, the risk of the break below 54.00 remains high.